The Union Budget 2017,presented by Finance Minister Arun Jaitely in parliament LOK SABHA on wednesday.This is the 4th budget by present government.Mr. Arun Jaitely said the demonetisation move by the Indian P.M N.MODI on 08/11/2016 will not have a lasting impact of the Economy .Mr. Arun Jaitely also announced that the budget allocation for welfare children and women under various Ministries will be increased to 1,84,632 crores.

The country well on way to achieve 100% RURAL electrification by March 2018.

SWACHH BHARAT mission has made tremendous progress;sanitation coverage has gone up form 42% in oct 13 to 60% now.

INFRASTRUCTURE AND RAILWAYS

A total allocation of RS. 39,61,354 CRORE has been made for infrastructure.

Total allocation for Railways is RS.1,31,000 CRORE.

Totl allocation for Railways is 1,31,000 crore.

Raksha coach with a corpus of RS.1 lakh crore for five years(for passenger safety).

35,000 Km of Railway line to be commissioned this year up form 2800 km Last year.

SMS-based”clean my coach service” is put in place.

Unmanned level crossing will be eliminated by 2020.

By 2019 all trains will have bio-toielts.

Five hundred stations will be made differently-abled friendly.

Coach mitra facility will be introduced to register all coach related complaints.

Railways will offer competitive ticket booking facility.

Railways to partner with logistics players for front-end and back-end solutions for select commodities.

RS.64000 CRORE ALLOCATED FOR HIGHWAYS.

High speed Internet to be allocated to 1,50,000 gram Panchayats .

New Metro rail policy will be announced with new modes of financing.

ENERGY SECTOR

A Strategic policy for crude reserves will be set up.

Trade infra export scheme will be launched 2017-18.

RS. 126,000 CRORE RECEIVED as energy production based investments.

Defence sector

The defence sector gets an allocations of RS 274,114 crore.

PERSONAL INCOME TAX

Existing rate of tax for individuals between RS. 2.5-RS 5 Lakh is reduced to 5% from 10%.

All other cat. of tax payers in subsequent brackets will get a benefit of 12,500.

Simple one pagereturn for people with an annual income of RS. 5 Lakh other than business income.

People filing I-T returns for the first time will not come under any government scrutiny.

10% surcharge on individual income above RS.50 LAKH and up to RS 1 crore to make up for RS 15,000 crore loss due to cut in personal I-T rate.15 surcharge on individual income above RS. 1 Crore to remain.